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Posted On Friday, January 31, 2025 by Vince Antoine

Indiana

Industrial SalesLeads announced today the CY2024 results for the new planned industrial capital project spending report for the state of Indiana. The firm tracks North American planned industrial capital project activity, including facility expansions, new plant construction, and significant equipment modernization projects. The Research team confirmed 252 new projects identified in Indiana during 2024.

The following are selected highlights on recent Indiana industrial construction news and manufacturing capital projects.

Indiana Industrial Construction Highlights

Planned Industrial Construction in Indiana by Project Type

  • Manufacturing Facilities – 114 new projects

  • Processing Facilities – 60 new projects

  • Distribution and Industrial Warehouse – 89 new projects

  • Power/Energy/Oil and Gas – 2 new projects

  • Laboratory Facilities – 5 new projects

Planned Industrial Construction in Indiana by Scope or Activity

  • New Construction – 91 new projects

  • Expansion – 44 new projects

  • Renovations / Equipment Upgrades – 134 new projects

  • Relocations – 7 new projects

  • Plant Closings – 13 new projects

Q: What counts as “planned” industrial construction?
A: Projects that have been announced, budgeted, and confirmed by Industrial SalesLeads’ research team but not yet in the physical build stage. This includes expansions, new facilities, and modernization projects.

Opportunities by Equipment Need

  • Air Emissions Control Equipment – 157

  • Compressed Air Systems – 229

  • Control Systems and Instrumentation – 164

  • Conveyors – 181

  • Floor Coatings – 125

  • Material Handling and Storage Equipment – 203

  • Mechanical Construction – 213

  • Packaging Equipment – 141

  • Process Equipment – 52

  • Tanks / Vessels – 34

Glossary: Capital Project – A large-scale investment in facilities, infrastructure, or production capacity that significantly increases an organization’s industrial footprint.

Largest Planned Industrial Construction Projects in Indiana

During 2024, the research team identified 28 industrial projects in Indiana valued at $100 million or more.

The largest is owned by SK hynix America Inc., planning to invest $15 billion for a new semiconductor manufacturing facility — site selection ongoing.

Q: What’s considered a “major” project?
A: Industrial SalesLeads defines a major project as any investment exceeding $100 million in construction, equipment, or expansion value.

Top 10 Tracked Industrial Projects in Indiana

New Carlisle, IN
A cloud computing service provider plans to invest $11 billion in a new data center campus.

Lebanon, IN
A pharmaceutical company plans to invest $5 billion expanding its processing facility (completion 2028).
Another pharmaceutical firm plans $4.5 billion for a new processing, laboratory, and research campus.

West Lafayette, IN
A semiconductor packaging manufacturer will invest $4 billion to build a 430,000 sq. ft. research and production facility (completion Fall 2028).

West Terre Haute, IN
A fertilizer manufacturer will invest $1.5 billion in a new processing plant (completion 2027).

Princeton, IN
An automotive manufacturer plans $1.4 billion for expansion and modernization of its existing plant (construction begins Fall 2024).

La Porte, IN
A global technology firm will invest $1 billion in a new data center campus.

Lafayette, IN
A construction equipment manufacturer is investing $725 million for a 300,000 sq. ft. expansion and modernization (completion 2027).

Tipton, IN
A solar panel manufacturer will invest $500 million renovating a 781,000 sq. ft. facility for manufacturing and warehousing (completion 2026).

Mitchell, IN
A cement manufacturer plans $500 million for upgrades and modernization of its processing plant.

Glossary: Modernization Project – A renovation that upgrades legacy industrial systems (machinery, automation, or process flow) to current efficiency and compliance standards.

About Industrial SalesLeads

Since 1959, Industrial SalesLeads has been a leader in industrial project intelligence and outsourced lead generation for sales and marketing teams. The company identifies timely insights on companies planning major capital investments such as new construction, expansion, relocation, and modernization.

Q: How can sales teams use this data?
A: Industrial SalesLeads’ project intelligence helps identify decision-makers before bids open, ensuring your team connects early in the sales cycle.

Our Industrial Market Intelligence, identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Lead Generation Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. Visit us at salesleadsinc.com. 

Each month, our team provides hundreds of industrial reports within a variety of industries, including:

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